Household saving is defined as the difference between a household’s disposable income (wages, income of the self-employed and net property income) and its consumption (expenditures on goods and services.)

China's Industrial Output Growth Holds Steady in October

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BEIJING--Industrial output in China rose 6.1% in October from a year earlier, the same rate as the previous month, data from the National Bureau of Statistics showed Monday.

The increase in value-added industrial output, a rough proxy for economic growth, slightly undershot a median forecast for 6.2% growth by 14 economists surveyed by The Wall Street Journal.

On a month-over-month basis, industrial production increased 0.50% in October, compared with a 0.47% rise the month before.

Fixed-asset investment in nonrural areas of China climbed 8.3% in the January to October period from a year earlier. The rise in FAI, a closely watched indicator of construction activity, matched economists' median forecast for an 8.3% gain.

Retail sales grew 10.0% in October from a year earlier, slowing from a 10.7% increase in September. The reading was also below a median forecast for a 10.7% rise in October.